Surgical robotic developer leads device makers in top healthcare VC deals

CMR Surgical’s Versius system console [Photo courtesy CMR Surgical]

Surgical robotics developer CMR Surgical was the lone medical device maker in the 10 largest healthcare venture capital deals of 2021 in the U.S. and Europe.

That’s according to a ranking provided to Medical Design & Outsourcing by Silicon Valley Bank (SVB), which recently published its annual VC analysis drawing on its own proprietary information and data from Pitchbook.

Cambridge, U.K.–based CMR Surgical raised $600 million in a Series D financing round announced in June. CMR’s Versius surgical robotic system is available in Europe, Australia, India and the Middle East, but has not been approved by the FDA.

CMR Surgical today announced its expansion into Poland as a hub for Central and Eastern Europe, and last week said its robotic system has been used in thoracic surgery, specifically oesophagomyotomies, lobectomies a…

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How is COVID-19 affecting medtech deals?

[Image by Cytonn Photography on Unsplash]

Fewer medical device companies are securing their first big venture capital investments — or engaging in large mergers — amid the COVID-19 pandemic, according to recently released reports from Silicon Valley Bank and PwC.

The medical device industry saw 38 Series A investments worth $279 million during the first half of 2020, down from 45 deals worth $408 million during the same period a year ago, according to SVB’s new mid-year “Healthcare Investments and Exits” report.

Meanwhile, PwC reports that the volume and value of medical device M&A deals decreased during the first half of the year. There were 28 medtech M&A deals worth $1.9 billion during the first six months of 2020, versus 38 deals worth $15.4 billion during the previous six months.

The numbers are but another indication that the medical device industry is not immune to…

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